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Taeyoung Doh

Senior Economist · Federal Reserve Bank of Kansas City

Senior Economist in the Economic Research Department of the Federal Reserve Bank of Kansas City. Research covers monetary policy and the term structure of interest rates, DSGE estimation, and asset pricing based on long-run macroeconomic risks.

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Published American Economic Journal: Macroeconomics Published Jul 2026
Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements

Taeyoung Doh · Dongho Song · Shu-Kuei Yang

This paper proposes a text-based measure of monetary policy stance by modelling FOMC post-meeting statements as convex combinations of the staff-drafted dovish ("alternative A") and hawkish …

Central Bank Communication Monetary Policy Shocks Text Analysis High Frequency Identification Free Read ↗